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Real World Economics
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Book Synopsis Foundations of Real-World Economics by : John Komlos
Download or read book Foundations of Real-World Economics written by John Komlos and published by Routledge. This book was released on 2019-01-11 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2008 financial crisis, the rise of Trumpism and the other populist movements which have followed in their wake have grown out of the frustrations of those hurt by the economic policies advocated by conventional economists for generations. Despite this, textbooks continue to praise conventional policies such as deregulation and hyperglobalization. This textbook demonstrates how misleading it can be to apply oversimplified models of perfect competition to the real world. The math works well on college blackboards but not so well on the Main Streets of America. This volume explores the realities of oligopolies, the real impact of the minimum wage, the double-edged sword of free trade, and other ways in which powerful institutions cause distortions in the mainstream models. Bringing together the work of key scholars, such as Kahneman, Minsky, and Schumpeter, this book demonstrates how we should take into account the inefficiencies that arise due to asymmetric information, mental biases, unequal distribution of wealth and power, and the manipulation of demand. This textbook offers students a valuable introductory text with insights into the workings of real markets not just imaginary ones formulated by blackboard economists. A must-have for students studying the principles of economics as well as micro- and macroeconomics, this textbook redresses the existing imbalance in economic teaching. Instead of clinging to an ideology that only enriched the 1%, Komlos sketches the outline of a capitalism with a human face, an economy in which people live contented lives with dignity instead of focusing on GNP.
Book Synopsis The Little Book of Economics by : Greg Ip
Download or read book The Little Book of Economics written by Greg Ip and published by John Wiley & Sons. This book was released on 2013-01-14 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: An accessible, thoroughly engaging look at how the economy really works and its role in your everyday life Not surprisingly, regular people suddenly are paying a lot closer attention to the economy than ever before. But economics, with its weird technical jargon and knotty concepts and formulas can be a very difficult subject to get to grips with on your own. Enter Greg Ip and his Little Book of Economics. Like a patient, good-natured tutor, Greg, one of today's most respected economics journalists, walks you through everything you need to know about how the economy works. Short on technical jargon and long on clear, concise, plain-English explanations of important terms, concepts, events, historical figures and major players, this revised and updated edition of Greg's bestselling guide clues you in on what's really going on, what it means to you and what we should be demanding our policymakers do about the economy going forward. From inflation to the Federal Reserve, taxes to the budget deficit, you get indispensible insights into everything that really matters about economics and its impact on everyday life Special sections featuring additional resources of every subject discussed and where to find additional information to help you learn more about an issue and keep track of ongoing developments Offers priceless insights into the roots of America's economic crisis and its aftermath, especially the role played by excessive greed and risk-taking, and what can be done to avoid another economic cataclysm Digs into globalization, the roots of the Euro crisis, the sources of China's spectacular growth, and why the gap between the economy's winners and losers keeps widening
Download or read book Real Life Economics written by Paul Ekins and published by Routledge. This book was released on 2006-10-19 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past fifty years have witnessed the triumph of an industrial development that has engendered great social and environmental costs. Conventional economics has too often either ignored these costs or failed to analyse them appropriately. This book constructs a framework within which the wider impacts of economic activity can be both understood and ameliorated. The framework places its emphasis on an in-depth understanding of real-life processes rather than on mathematical formalism, sressing the independence of the economy with the social, ecological and ethical dimensions of human life.
Book Synopsis Economics for the Real World 2 by : Kyle Kirkwood
Download or read book Economics for the Real World 2 written by Kyle Kirkwood and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The third edition of this benchmark two-book series continues to offer students a comprehensive and relevant introduction to economics. The new editions are specifically designed to cover the core and elective topics of the revised Queensland Economics syllabus. Features all of the key ideas from the new Queensland syllabus are specifically identified and used in context in the book. There is no need to hunt for definitions elsewhere. Key concepts from the syllabus, with their associated definitions, can be easily found by students in relevant sections of the book, in a glossary and in the index. Special 'Economics in Action' and 'Economics Enrichment' boxes provide students with relevant meaningful applications of their economics. Throughout each chapter are tasks to aid students in knowledge acquisition of key concepts, in interpreting information accurately and in making justifiable decisions. These can be in the form of an inquiry or short exercises. Economics and ICT activities enable students to learn, develop and practise skills using technology available in schools of the 21st century. The circular flow model is used in each chapter to link concepts and to help demonstrate cause and effect relationships. A graphic outline at the end of each chapter provides students with a useful overall structure of each unit of study to assist with revision.
Book Synopsis An Economist in the Real World by : Kaushik Basu
Download or read book An Economist in the Real World written by Kaushik Basu and published by MIT Press. This book was released on 2015-10-09 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: An economist's perspective on the nuts and bolts of economic policymaking, based on his experience as the Chief Economic Adviser in India. In December 2009, the economist Kaushik Basu left the rarefied world of academic research for the nuts and bolts of policymaking. Appointed by the then Prime Minister of India, Manmohan Singh, to be chief economic adviser (CEA) to the Government of India, Basu—a theorist, with special interest in development economics, and a professor of economics at Cornell University—discovered the complexity of applying economic models to the real world. Effective policymaking, Basu learned, integrates technical knowledge with political awareness. In this book, Basu describes the art of economic policymaking, viewed through the lens of his two and a half years as CEA. Basu writes from a unique perspective—neither that of the career bureaucrat nor that of the traditional researcher. Plunged into the deal-making, non-hypothetical world of policymaking, Basu suffers from a kind of culture shock and views himself at first as an anthropologist or scientist, gathering observations of unfamiliar phenomena. He addresses topics that range from the macroeconomic—fiscal and monetary policies—to the granular—designing grain auctions and policies to assure everyone has access to basic food. Basu writes about globalization and India's period of unprecedented growth, and he reports that at a dinner hosted by Prime Minister Manmohan Singh, President Obama joked to him, “You should give this guy some tips”—“this guy” being Timothy Geithner. Basu describes the mixed success of India's anti-poverty programs and the problems of corruption, and considers the social norms and institutions necessary for economic development. India is, Basu argues, at an economics crossroad. As CEA from 2009 to 2012, he was present at the creation of a potential economic powerhouse.
Book Synopsis Foundations of Real-World Economics by : John Komlos
Download or read book Foundations of Real-World Economics written by John Komlos and published by Taylor & Francis. This book was released on 2023-03-20 with total page 591 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2008 financial crisis, the rise of Trumpism, and the other populist movements which have followed in their wake have grown out of the frustrations of those hurt by the economic policies advocated by conventional economists for generations. Despite this, textbooks remain frozen in time, continuing to uphold traditional policies as though nothing has happened. Foundations of Real-World Economics demonstrates how misleading it can be to apply oversimplified models of perfect competition to the real world. The math works well on college blackboards but not so well on the Main Streets of America. This volume explores the realities of oligopolies, the real impact of the minimum wage, the double-edged sword of free trade, and other ways in which powerful institutions cause distortions in mainstream models. Bringing together the work of key scholars like Kahneman, Minsky, and Schumpeter, this textbook takes into consideration the inefficiencies that arise when the perfectly competitive model is applied to the real world dominated by multinational oligopolies. The third edition has been updated throughout, bringing in new material on the financial crises, the rise of populism, racism, inequality, climate change, and the Covid-19 pandemic. A must-have for students studying the principles of economics as well as micro- and macroeconomics, this textbook redresses the existing imbalance in economic teaching as John Komlos focuses on the paradigm of humanistic economics.
Book Synopsis Economics of the Real World by : Peter Donaldson
Download or read book Economics of the Real World written by Peter Donaldson and published by . This book was released on 1973 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Real World Economics by : Edward Fullbrook
Download or read book Real World Economics written by Edward Fullbrook and published by Anthem Press. This book was released on 2007-02-01 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics is extremely sick. It is so locked in its past that nearly all of its introductory textbooks are modelled on one that appeared in 1948. The discipline cannot continue in its autistic state much longer. This book takes you to the heart of a fiery and many-faceted debate. It is comprised of 66 articles that have been selected based on their importance to the reform movement and for their accessibility to the general reader. ‘Real economic problems’ concern real people, so their analysis must be made intelligible to an educated general public if real democracy is to function. All economists must learn to live without the belief that there is only one right way of describing and explaining reality. This requires economists to begin the development of an ethos of honesty regarding the limitations of their chosen approaches.
Book Synopsis Real-World Decision Making by : Morris Altman
Download or read book Real-World Decision Making written by Morris Altman and published by Bloomsbury Publishing USA. This book was released on 2015-06-23 with total page 690 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first and only encyclopedia to focus on the economic and financial behaviors of consumers, investors, and organizations, including an exploration of how people make good—and bad—economic decisions. Traditional economic theories speculate how and when people should spend money. But consumers don't always behave as expected and often adopt strategies that might appear unorthodox yet are, at times, more effective than the rule prescribed by conventional wisdom. This groundbreaking text examines the ways in which people make financial decisions, whether it is because they are smart but atypical in their choices ... or just irrational decision makers. A leading authority on behavioral economics, Morris Altman and more than 150 expert contributors delve into key concepts in behavioral economics, economic psychology, behavioral finance, neuroeconomics, experimental economics, and institutional economics to help inform economic models based on reality, not theory. Through 250 informative entries, the book explores various aspects of the subject including decision making, economic analysis, and public policy. In addition to introducing concepts to readers new to the subject, the book sheds light on more advanced financial topics in a manner that is objective, comprehensive, and accessible.
Book Synopsis Real World Latin America by : Daniel Fireside
Download or read book Real World Latin America written by Daniel Fireside and published by . This book was released on 2008 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economics for Real People by : Gene Callahan
Download or read book Economics for Real People written by Gene Callahan and published by Ludwig von Mises Institute. This book was released on 2002 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis What Every Economics Student Needs to Know and Doesn't Get in the Usual Principles Text by : John Komlos
Download or read book What Every Economics Student Needs to Know and Doesn't Get in the Usual Principles Text written by John Komlos and published by Routledge. This book was released on 2015-07-17 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: This short book explores a core group of 40 topics that tend to go unexplored in an Introductory Economics course. Though not a replacement for an introductory text, the work is intended as a supplement to provoke further thought and discussion by juxtaposing blackboard models of the economy with empirical observations. Each chapter starts with a short "refresher" of standard neoclassical economic modelling before getting into real world economic life. Komlos shows how misleading it can be to mechanically apply the perfect competition model in an oligopolistic environment where only an insignificant share of economic activity takes place in perfectly competitive conditions. Most economics texts introduce the notion of oligopoly and differentiate it from the perfect competition model with its focus on "price takers." Komlos contends that oligopolies are "price makers" like monopolies and cause consumers and economies nearly as much harm. Likewise, most textbook authors eschew any distortions of market pricing by government, but there is usually little discussion of the real impact of minimum wages, which Komlos corrects. The book is an affordable supplement for all basic economics courses or for anyone who wants to review the basic ideas of economics with clear eyes.
Download or read book Real World Labor written by and published by . This book was released on 2016 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economics of the Real World by : Peter Donaldson
Download or read book Economics of the Real World written by Peter Donaldson and published by Penguin UK. This book was released on 1984 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Understanding the Federal Reserve and Monetary Policy by : Corona Brezina
Download or read book Understanding the Federal Reserve and Monetary Policy written by Corona Brezina and published by The Rosen Publishing Group, Inc. This book was released on 2011-12-15 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Reserve--the central bank of the U.S.--has long been shrouded in mystery and controversy. Its deliberations and actions have often occurred far from the public eye, yet its decisions have a profound impact on ordinary citizens. This book introduces readers to the history, structure, and operations of the Fed and shows exactly how its decisions impact both the nation's economy and its citizens. As the Fed makes its deliberations and decision-making more and more transparent to the public, and as the nation continues its recovery from the recession, this book could not be more timely or needful.
Book Synopsis Understanding Economic Systems by : Tamra B. Orr
Download or read book Understanding Economic Systems written by Tamra B. Orr and published by The Rosen Publishing Group, Inc. This book was released on 2011-12-15 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains economic systems, including command and planned economies, market economies, and the Internet economy.
Download or read book Money written by Sergio M. Focardi and published by Routledge. This book was released on 2018-03-19 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: By enabling the storage and transfer of purchasing power, money facilitates economic transactions and coordinates economic activity. But what is money? How is it generated? Distributed? How does money acquire value and that value change? How does money impact the economy, society? This book explores money as a system of "tokens" that represent the purchasing power of individual agents. It looks at how money developed from debt/credit relationships, barter and coins into a system of gold-backed currencies and bank credit and on to the present system of fiat money, bank credit, near-money and, more recently, digital currencies. The author successively examines how the money circuit has changed over the last 50 years, a period of stagnant wages, increased household borrowing and growing economic complexity, and argues for a new theory of economies as complex systems, coordinated by a banking and financial system. Money: What It Is, How It’s Created, Who Gets It and Why It Matters will be of interest to students of economics and finance theory and anyone wanting a more complete understanding of monetary theory, economics, money and banking.
